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Bitwise CIO Matt Hougan argues that the asset management industry is too focused on bitcoin products to provide ether ETFs the necessary attention to thrive.
The market cap of Bitcoin, the world's largest cryptocurrency, rose to $1.381 trillion in the last 24 hours. Bitcoin's dominance is currently 52.09%, according to CoinMarketCap. BTC volume in the last 24 hours fell 15% to $13.8 billion.
Bitcoin jumped to an intraday peak of $72,850 in the last 24 hours. The token was last 5% higher at $71,986 at 11:26 am IST. Other major crypto tokens also surged with Ethereum rising 4.7%, Solana up 9.2%, XRP 14.7%, among others
In the last 24 hours, Bitcoin jumped to an intraday peak of $71,030 in volatile trading. It was last 2.4% higher at $70,900 at 1:07 pm IST. The largest cryptocurrency has gained nearly 70% this year and most of the rise has come in the last few weeks
There are some things about Bitcoin that can’t be denied. It has been one of the best performing assets of the past year, outperforming the dollar and gold by at least 100 percentage points.